Kentucky › Transportation and warehousing › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2022 to 31 Dec 2022
Hill Transportation 401(k) Plan
Sponsored by Hill Transportation Inc., Louisville, KY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Hill Transportation Inc. of Louisville, Kentucky sponsors Hill Transportation 401(k) Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2022 shows 231 participants (221 active) and $551K in net assets.
Net assets came to $2,385 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and well below the $32,883 median for defined contribution plans in transportation and warehousing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $42K during the year, or $190 per active participant against a same-size median of $2,447; participants contributed $117K and $20K arrived as rollovers and other contributions. Benefits paid out totalled $117K.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $9,284: $40.19 per participant, well below the same-size median of $194. Administrative expenses charged to the plan were $9,284. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $2,385 | $60,185 | $32,883 | $53,102 |
| Employer contributions per active participant | $190 | $2,447 | $1,396 | $2,175 |
| Schedule C compensation per participant | $40.19 | $194 | $113 | $123 |
| Schedule C compensation, share of net assets | 1.7% | 0.32% | 0.33% | 0.26% |
| Administrative expenses per participant | $40.19 | $176 | $97.79 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), transportation and warehousing (1,909) and all US plans (63,460). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$586,304
- Employer contributions$42,056
- Participant contributions$117,232
- Rollovers and other contributions$19,762
- Total contributions$179,050
- Total income, including investment results$90,952
- Benefits paid$117,123
- Administrative expenses$9,284
- Total expenses$126,407
- Net income−$35,455
- Net transfers$0
- Net assets, end of year$550,849
Participants
- Active participants221
- Retired or separated, receiving benefits1
- Retired or separated, entitled to future benefits9
- Participants with account balances42
- Total participants, end of year231
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Transamerica Life Ins Co. | Recordkeeping and information management; Participant loan processing | $4,953 | $0 |
| Admin. Group, LLC DBA Tag Resources | Recordkeeping and information management; Participant loan processing | $4,331 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Contract administrator fees$9,284
- Total administrative expenses$9,284
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Pooled separate accounts$504K · 91.4%
- Insurance company general account$20K · 3.7%
- Receivables$17K · 3.0%
- Participant loans$10K · 1.8%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCoulter & Justus
- Participant contributions reported as transmitted lateYes, $68,512
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2JCode section 401(k) feature2KCode section 401(m) arrangement2FERISA section 404(c) plan2GTotal participant-directed account plan3DPre-approved pension plan2TTotal or partial participant-directed account plan with a default investment account2AAge/service weighted or new comparability or similar plan3BPlan covering self-employed individuals
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 484120: General Freight Trucking, Long-distance.
Similar plans in Kentucky
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Gosshall Systems, LLC. 401(k) Plan | Gosshall Systems, LLC. | 236 | $113K | $480 |
| Rtec 401(k) Plan | Rural Transit Enterprises Coordinated, Inc. | 225 | $5.5M | $24,495 |
| Trancy Logistics America Corporation 401(k) Savings Plan | Trancy Logistics America Corporation | 256 | $2.8M | $10,932 |
| Western Rivers Boat Management, Inc. Retirement Savings Plan | WRBM, LLC DBA Western River Boat Management, Inc. | 197 | $16.1M | $81,574 |
| TPC Qualified Plans LLC Retirement Savings Plan | First Class Air Support Inc. | 279 | $6.0M | $21,437 |
| American Trailer Rental Group 401(k) Savings Plan | American Trailer Rental Group LLC | 175 | $4.7M | $26,642 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is Hill Transportation 401(k) Plan?
231 participants at the end of the plan year ending 31 Dec 2022, of whom 221 were active employees, with net assets of $550,849. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Hill Transportation Inc. contribute per participant?
The filing reports $42,056 in employer contributions for the year, which is $190 per active participant; the median for plans of the same type and size was $2,447 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $9,284 in compensation to service provider organisations, $40.19 per participant or 1.7% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $9,284. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Hill Transportation Inc.. Recordkeeping or administration: Transamerica Life Ins Co. and Admin. Group, LLC DBA Tag Resources. The financial statements were audited by Coulter & Justus. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2022 to 31 Dec 2022, received by the Department of Labor on 4 May 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 61-1344542, plan 001, received 4 May 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.